The gaming Industry’s impact on smartphone evolution: How two giants are evolving together

Gone are days when people used to rely solely on bulky consoles and expensive PCs for gaming. In recent years, the presence of affordable smartphones is believed to have transformed both the gaming and smartphone industry. This convergence of mobile technology and gaming hasn’t only transformed how games are played but resulted in a revenue explosion. According to a report published by Statista, a market research firm, the mobile games market is projected to genreate a revenue of $98.74 billion worldwide. It is also mentioned in the report that, the market is expected to exhibit a compound annual growth rate (CAGR 2024-2027) of 6.39%, resulting in a projected market volume of $118.90 billion by 2027.